Dec 31, 2012 1:00pm PST
, south america as well. so stand by. stay with us for complete coverage. senator john mccain told me just a little while ago even if a fiscal cliff deal is done, the battle between the white house and congressional republicans is far from over. >> i think there's going to be a whole new field of battle when the debt ceiling rolls around. >> all right. let's dig a little bit deeper with ryan lizza. he's washington correspondent for the new yorker magazine. also ali velshi our chief correspondent is joining us. deal or no deal? >> looks like from what dana is reporting, that a deal is in sight. republicans are saying they're going to have a vote tonight. looks like a deal is done. >> with the senate. >> we don't know what the house will do. and the last time john boehner tried to put something on the floor, his caucus rebelled. he'd have to let the house vote its will. >> but you agree if the president of the united states supports it, most of the house democrats will support it. so you don't need a majority of the republicans, you need a few republicans to get to that magic number of 218.
Dec 31, 2012 12:00pm EST
? i will talk about the bricks in a minute. i am talking about south america, eastern europe, parts of asia. why do i love this story? it is basic macroeconomics. the key ingredients that drive growth. we know the story of debt, deficit, fiscal cliff. we know that the story of the aging population and financing, if you look at the statistics are round or they measure the performance in mathematics, science, and reading, you can see where the problem is. today, they were in the number 27, 28, and so on. productivity generally is the x factor that accommodates for 60% of why one country grows and another does not. generally, it includes things like political dynamic, so we know what is happening there. that is not my prediction. look at this framework, capital, labor, productivity. you will see why i am incredibly bullish. in terms of capital, these economies by a large did not have the debt burden that other countries are facing right now. why is that important? these countries are not suffering from a deal leveraging problem. 60%-70% is under the age of 25. in you got there, over 50
Dec 31, 2012 7:00am EST
. we have a great group who truly understands we are here to represent the great state of south carolina and the citizens of america, and i thank them all for their friendship. finally, i'd like to thank all of my colleagues here in the house. we may not always agree on things, but we are here for a reason, to try and make this nation better. as i prepare to move to the united states senate, it is that belief that makes me incredibly optimistic about our future. the battles of today will in the future be seen as a positive turning point for our nation where we got our fiscal house back in order and revitalized the american dream for our children and our grandchildren. i look forward to continuing to serve the res. dents -- residents of south carolina, some of the most passionate people in our nation, and i will never forget my time here in the people's house where we worked every single day to build a brighter future for our nation. thank you. the speaker pro tempore: pursuant to clause 12-a of rule 1, the chair declares the house in recess until 10:00 a.m. you and also on our w